Intraday Call Performance 05/06/08

Indian market showed smart recovery in the late afternoon by positive global cues bouncing back from exact supports given here at 4535 and closing was impressive and nifty almost tested 4700 in last hour of trading and tomorrow's trading wil be interesting as if nifty continues recovery above 4700, then it may well test 4740 and then final big resistance at 4800.Being a week end, market placed at interesting stage now.

Following calls were given in yahoo messenger for clients:

Clients happy with big profits today also...

Short Nifty Futures around 4610 with stop 4630 and it made 4570

Short Nifty Futures at 5595 with stop 5620 and it made 4575

Short Axis Bank around 750 with stop 761 and it made 725

Short RCom around 540 with stop 546.5 and it made 520

Short Tisco around 812 with stop 816.5 and it made just 806 and then stop loss hit

Short Century Textiles at 620 now with stop 625 for target 605 and it made 606

Short Tisco around 829 with stop 837 for 805 and it made 806

Short Bombay Dyeing at around 770 with stop 773.5 and when it made 763, told to cover the position in profit

Market Outlook 05/06/08

Market crashed yesterday and today there might be slight short covering coming up and nifty will face hurdle at 4640 first and further buying will come only if nifty breaks 4640 and then might move towards 4700 big resistance.Higher levels will exert pressure again for sure.Nifty below 4600 will go to 4530 support for today and if broken, more panic on cards.Fuel hike spoiled the market sentiments yesterday and now because of this price hike inflation is expected to shhot up again still higher and bad for the market again.But, in whatever situation watch out big support at 4440 and if held, we have big upmove coming which will take nifty towards 5000 again and then 5300.This fall is also bringing in lots of value based stock picks like,Reliance, SBI, RCOM.....list goes on...which are at attractive prices now.

Stock watch for the day:

Todays call only for clients

Intraday call performance 04/06/08

Nifty was trading well above 4700 in the morning session and later on started sliding below in expectation of fuel hike and later fuel hike announced and dampened market sentiments and it actually went up after that just to trap the bulls and then crashed breaking its strong support at 4620 and made a low of 4564 and now the only strong support for nifty on downside will be at 4440 .

Stock watch for the day:

SBI: This was given a short call with stop loss 1430 for lower target 1350 and the stock hit low of 1325

Following calls were given in yahoo messenger for clients:

Buy Nifty Futures around 4665 stop 4630 made 4685 and told to cover position

Buy Nifty Futures around 4635 stop 4615..made 4725 and gave exit call

Short Nifty Futures arounds at 4710 stop 4730..small stop loss made 4650

Buy Bombay Dyeing around 830 with stop 823 and it made 839 and then came down to hit the stop loss

Buy Relaince Indutries around 2380 with small stop 2369 and it made just 2385 and then stop loss hit

Buy Essar Oil at around 243 with stop 239 and it made 244.5 and then came down to hit the stop loss

Buy Bombay Dyeing around 807 with stop 799 and it made 822

Buy India Info at 705 with stop 699 and made 713 as target was given at 715

Short Axis Bank at 770 with stop 774 and it made a low of 728

Buy Hind Zinc at 602 with stop 600 and it made just 604 and small stop loss hit

Market Outlook 04/06/08

So, market behaved exactly as told here yesterday by opening low and buying coming at exact supports given and today also index might continue moving up and will face pressure at higher ends for sure.If market dips then support range is same as given yesterday-4620-4635.One can buy around these supports and only if these supports are broken then only one can expect total panic in the market and otehrwise one can buy around these supports.crude oil has also reduced from $135 a barrel now but fuel price hike announcements may bring in some kind of pressure again.If nifty breaks 4740 ressitance, then it will directly test 4790-4800 strongest resistance for today.

Stock watch for the day:

SBI (1388): Watch this stock at higher ends and if doesnt cross 1430, just short it for target 1350

Intraday call performance 03/06/08

As expected and told here, it was lower opening and buying came heavily at supports at 4635 and nifty made a high of 4739 and then closing was little lower than yesterday and now if nifty remains above 4690 it might march towards 4800 again.Still inflation is a big concern for market and news of hiking fuel price may drag index down again and this looks like a short covering for now.

Following calls were given in yahoo messenger for clients:

Clients again had a money minting day today even in this weak market....!

Buy Nifty Futures around 4645 with stop 4620 for 4675 and the stock made 4675 exact and told to cover position

Buy Nifty Futures above 4680 for first target 4700 and the nifty made 4710 and gave cover order

Buy Essar Oil around 231 with stop 227 for first target 240 and the stock hit second target given at 249 and made 251 high

Short Bombay Dyeing at 820 with stop 825 for taregt 800 and it made 801

Short HDIL around 860 with stop 866 and it made 842

Buy Bombay Dyeing at 814 with stop 808 and gave cover order between 830-835

Buy Tisco with stop 850 for 865 and it hit 865 exact

Market Outlook 03/06/08

It was a scary fall in the market yesterday in the late afternoon as it tested 4700 straight once it broke its support at 4800 and now if starts sliding below 4700, its strongest support lies around 4620-4635 range and this will be very very big support for nifty now.Oil problems was the major set back for stock markets as no one imagined it to go over $130 a barrel and higher oil prices hurt our economy also and yesterday, some rumours of government falling also contributed to this down fall.Anyways, if there is down opening today near 4620, never short blindly as there may be buying coming in and will be interesting to see whether 4620-4635 support can be held now as it looks so strong that if breaches will go staright to test 4440 which looks more scary or this support will be base again for big upmove.For today, concentrate on 4620-4635 on downside and 4800 on upperside.Above 4700 nifty will face tough ressitance around 4800 Play the range today.

Stock watch for the day:

Todays call only for clients

Intraday call performance 02/06/08

Nifty started on a positive note as expected and even made a high of 4909 and couldnt cross 4925 resistance and started sliding in the late afternoon session and fall was severe later on as it made a low of 4728 and the market made a bad opening for this week.

Stock watch for the day:

RCom: This was given a buy call with stop 568 for target 590 and the stock made a high of 582 and then cracked.

Following calls were given in yahoo messenger for clients:

It was a super duper profits for all my clients today........

Buy Nifty Futures around 4855 stop 4840 and made 4874 and gave cover order and told not to remain long

Buy Nifty Futures around 4825 with stop 4800 for target 4855 and it made just 4838

Short Essar Oil at 242 with stop 244.5 and made 229 and told to cover around 230

Short DLF around 596 with stop 603 and it made 560

Short IFCI around 62.8 with stop 63.25 and when it made 60, gave cover order to clients

Buy Tisco at 891 with stop 889 for short targets and it made 896.5

Short EKC around 304 with stop 307 and it made 298

Buy IFCI at 60.2 with small stop 59.9 and it hit 60.6 and then stop loss hit